Whole Foods, Fresh Market Gaining On Upgrades

Published on Mon, 06/20/2011 - 11:24
By FNNO Staff in business, consumer, finance, fresh market, investing, retail, stock, tfm, trading, wfm, whole foods
whole foods, wfm, fresh market, tfm, retail, consumer, business, finance, stock, investing, trading

Whole Foods Market (NASDAQ:WFM) and Fresh Market (NASDAQ:TFM) gained early Monday. Whole Foods rose 2% to $57.07 whereas Fresh Market rose 4% to $36.62.

Whole Foods rose to outperform from market perform according to BMO Capital Markets, saying the three-month sell off is a good opportunity to buy the stock.

BMO has raised its long-range price target by 8% for Whole Foods. The long-range price target is now set at $65 a share.

J.P. Morgan raised Fresh Market to overweight from neutral. Fresh Market's price target also increased by 27% to $42 a share. Fresh Market will be aided and lead by its higher-income customers and new store growth according to J.P. Morgan.

By FNNO Staff
fnnonline@gmail.com

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